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Wednesday, May 23, 2018

Reduction of PF Admin Charges from 0.65 % to 0.50%

Dear Employer 

Good News Reduction of PF Admin Charges from 0.65 % to 0.50%  the said reduction is effective from 1st June 2018 subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.

Notification 👇

Download:- Reduction of PF Admin Charges

Now the total challan amount  will be 


Ac No. 1  :-    12+3.67%
Ac No   10 :-  8.33%
Ac No 2 :-       0.5%
Ac No 21:-     0.5%

Ac No 22:-     Nil........

Total contribution will be 25 %  

For your Knowledge purpose & record purpose appended below is the road map      of EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED ESTABLISHMENTS 

EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED ESTABLISHMENTS
Period
Rate
Reckoned on
01.11.1952 to 31.12.1962
3%
Total employers’ and employees’ contributions.
01.01.1963 to 30.09.1964
3%
Total employer’s and employees’ contributions payable @ 6.25%.
2.4%
Total employer’s and employees’ contributions payable @ 8%.
01.10.1964 to 30.11.1978
0.37%
On total pay on which contributions are payable.
01.12.1978 to 30.09.1986
0.37%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment was
Rs. 5/-.
01.10.1986 to 31.07.1998
0.65%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment was
Rs. 5/-.
01.08.1998 to 31-12-2014
1.10%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment is Rs.
5/-.
01.01.2015 to 31.03.2017
0.85%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment is Rs.
500/-.
01.04.2017 onwards
0.65%
On total pay on which contributions are payable. Minimum
Administrative charges payable per month per establishment is Rs.
500/-.